兔子先生

2800+
CPCs Created



85%*
of CPC Completed QTs


$78B+
equity raised by former CPCs


35%
of currently listed TSX Venture Exchange grads are former CPCs
Values as at December 31, 2022
*Since inception
Capital Pool Company Program - A uniquely Canadian invention

The Capital Pool Company (CPC) Program is a unique Canadian invention that supports earlier stage private companies to complete a go public transaction. A Qualifying Transaction is effectively a reverse takeover of a CPC by an operating business that will access the capital, shareholders and expertise of the CPC to complete a listing on the TSX Venture Exchange or 兔子先生.

It is the most common way that companies go public on TSX Venture Exchange and the program has an incredible track record as an ingredient in the success of many companies that have grown to be leaders in the Canadian markets.


DOWNLOAD CPC GUIDE

Capital Pool Company Program - A uniquely Canadian invention
5 REASONS WHY CPC鈥橲 MAY MAKE SENSE FOR YOU
THE 2-STEP CPC PROCESS
THE 2-STEP CPC PROCESS

Step 1 | CPC Initial Public Offering

The CPC program introduces investors with financial market experience to entrepreneurs whose growth and development-stage companies require capital and public company management expertise. Unlike a traditional IPO, the CPC program enables seasoned directors and officers to form a Capital Pool Company with no assets other than cash and no commercial operations, list it on TSX Venture Exchange, and raise a pool of capital.

THE 2-STEP CPC PROCESS

Step 2 | Qualifying Transaction

The CPC then uses these funds to seek out an investment opportunity in a growing business. Once the CPC has completed its qualifying transaction and acquired an operating company that meets Exchange listing requirements, its shares continue trading as a regular listing on TSX Venture Exchange.

HOW THE CPC PROCESS WORKS

1CREATING THE CPC
2SELLING THE SHARES
3THE QUALIFYING TRANSACTION
4CLOSING THE DEAL
CPC 2.0 - The Modernization of the CPC Program

National Webcast Slides

Access the slides from the CPC information sessions here.

LEARN MORE ABOUT CPC

GET MORE INFORMATION

Toronto

Natalie Ho
T: 416-365-2210
E: natalie.ho@tmx.com

Calgary

Angie Yip
T: 403-218-2804
E: angie.yip@tmx.com

Montreal

Michel Landripet
T: 514-788-2410
E: michel.landripet@tmx.com

Vancouver

Janice Harrington
T: 604-647-7038
E: janice.harrington@tmx.com
SAMPLE CAPITAL STRUCTURES
CPC CAPITAL STRUCTURE
COMMON SHARES NUMBER OF SHARES PRICE PER SHARE
CPC Seed Shares (CPC Founder鈥檚 shares) 2,000,000 $0.05
CPC IPO Shares 4,000,000 $0.10

|

TOTAL ISSUED AND OUTSTANDING CPC SHARES
6,000,000
PRIVATE COMPANY CAPITAL STRUCTURE
COMMON SHARES NUMBER OF SHARES PRICE PER SHARE
Management Founder Shares 6,000,000 $0.00
Initial Seed Capital from Friends and Families 8,000,000 $0.05
Seed Capital Round No.2 10,000,000 $0.10
Seed Capital Round No.3 12,000,000 $0.30

|

TOTAL ISSUED AND OUTSTANDING SHARES
36,000,000
THE COMPANY RESULTING FROM COMBINING THE CPC AND THE PRIVATE COMPANY
MARKET PRICE OF CPC SHARES BEFORE THE ANNOUNCEMENT OF QT ASSUMED TO BE $0.15 (PRE-CONSOLIDATION) SHARES PRICE
CPC Issued and Outstanding Shares 6,000,000 $0.15
Consolidation 3 for 1 -4,000,000
CPC Shares Total (Post-Consolidation) 2,000,000 $0.45
Shares issued for acquisition of Private Company 36,000,000
Concurrent Private Placement 10,000,000 $0.55

|

TOTAL NUMBER OF SHARES ISSUED IN QT
46,000,000
TOTAL ISSUED AND OUTSTANDING SHARES OF RESULTING ISSUER
48,000,000
145+

CPCs currently listed on the TSX Venture Exchange

Available CPCs are those that have not announced a QT.

MORE INFO
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